Youve bought and held crypto on Robinhood—great start! But if youre serious about security, ownership, and freedom, its time to level up.
Leaving your assets on a centralized platform like Robinhood means you don’t truly own your crypto; they do. So, if you want full control over your Bitcoin, Ethereum, or Solana, you need a cold wallet like Tangem. It’s safer than a federal bank, easier to use, and puts the keys in your hands, not on someone else’s server.
In this guide, we’ll walk you through step-by-step how to move your crypto from Robinhood to a Tangem Wallet or any other cold storage solution. Let’s get you independent and secure.
Robinhood fully entered crypto in 2025 by combining global regulations, on-chain assets, yield, and derivatives in a user-friendly app. Its June 2 acquisition of Bitstamp expanded its international exchange presence with over 50 licenses across the EU, UK, US, and Asia. At its June 30 event in Cannes, Robinhood launched free U.S. stock and ETF tokens for EU users, added tokens linked to companies like OpenAI and SpaceX, and revealed plans for a new blockchain for real-world assets and trading.
However, Robinhood sometimes restricts buying and selling to manage risk, even when markets are open. Users are increasingly skeptical that Robinhood’s BOATS (Best Order Available Trade System) or similar internal risk controls will also be applied to crypto trading, especially during rapid price swings. Many still remember when Robinhood restricted buy orders on “meme stocks” like GameStop in 2021 and later applied similar measures in volatile after-hours sessions. This created a lasting narrative that Robinhood can “flip the switch” when liquidity thins.
This history of intervention is a good reason to consider using a cold wallet to protect your assets from future platform or trading restrictions.
Yes, You CAN Cash Out Crypto on Robinhood!
For years, Robinhood users faced a frustrating limitation – they could buy and sell crypto on the platform but couldn’t transfer it anywhere else. The good news? Those days are over! Robinhood now offers full crypto transfer capabilities, allowing you to move your digital assets in and out of your Robinhood Crypto account.
As someone who’s been trading crypto for years I was thrilled when Robinhood finally added this feature. In this article I’ll walk you through everything you need to know about cashing out your crypto on Robinhood – whether you want to sell it for USD or transfer it to another wallet.
Two Ways to Cash Out Crypto on Robinhood
When it comes to “cashing out” your crypto on Robinhood you have two main options
- Sell your crypto for USD – Convert your crypto back to dollars within Robinhood
- Transfer your crypto to another wallet – Move your coins to an external wallet or exchange
Let’s break down both methods in detail
Option 1: Selling Crypto for USD on Robinhood
If you want to convert your crypto to good old American dollars, here’s how to do it:
- Open the Robinhood app
- Navigate to the cryptocurrency you want to sell
- Tap “Sell”
- Enter the amount you wish to sell (or select “Sell All”)
- Review the order details and confirm your sale
After selling, the USD will appear in your Robinhood account balance. From there, you can:
- Use it to buy other investments on Robinhood
- Transfer it to your linked bank account
Remember that selling crypto is a taxable event in the US, and Robinhood will provide necessary tax documents.
Option 2: Transferring Crypto to Another Wallet
If you prefer to keep your assets in crypto form but want to move them elsewhere, Robinhood now lets you transfer your coins to external wallets. This is particularly useful if you want to:
- Use your crypto for purchases
- Move to a platform with more trading options
- Store your crypto in a self-custody wallet
- Consolidate your crypto holdings
How to Send Crypto from Robinhood:
- Go to the crypto’s detail page in the app
- Select “Send”
- Paste the crypto address of the receiving wallet
- Enter the amount you’d like to send
- Select “Review → Submit”
Important Warnings Before Transferring:
⚠️ Crypto transfers are FINAL – Once sent, they can’t be canceled or reversed, even by Robinhood.
Always triple-check these things before confirming:
- Address accuracy – A single wrong character can result in lost funds
- Network compatibility – Sending to an incompatible network causes permanent loss
- Required memos/tags – Some assets need these to complete transfers
- Legitimate destination – Verify you’re not sending to a scammer
Supported Cryptocurrencies for Transfer
Robinhood currently supports transfers for over 40 cryptocurrencies, including:
- Bitcoin (BTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Solana (SOL)
- Cardano (ADA)
- Bitcoin Cash (BCH)
- XRP
- Litecoin (LTC)
- And many more popular tokens
The complete list includes coins like Shiba Inu (SHIB), Avalanche (AVAX), Toncoin (TON), and even meme coins like PEPE, BONK, and WIF.
It’s worth noting that some assets have specific requirements. For example, XRP and Stellar Lumens (XLM) require tags/memos for successful transfers.
Transfer Fees and Limits
When sending crypto from Robinhood, here’s what you need to know about fees and limits:
Fees:
- Robinhood itself doesn’t charge extra fees for crypto transfers
- However, all blockchain transactions incur network fees (gas fees)
- These fees vary based on the cryptocurrency and current network congestion
- When you select “Send,” Robinhood will show you the estimated network fee
For example, if you send 100 DOGE and the network fee is 1 DOGE, a total of 101 DOGE will be deducted from your account. When using “Send All,” the fee is deducted from your total.
For ERC-20 tokens (like SHIB, LINK, UNI), the network fee is paid in ETH. But don’t worry – Robinhood automatically calculates the token equivalent so you don’t need a separate ETH balance.
Transfer Limits:
- Deposit limits for crypto are unlimited
- Withdrawal limits vary based on:
- Your account verification level
- Transaction history
- Payment methods used
Your specific limits are visible in the app under Account → Menu → Crypto.
How Long Do Crypto Transfers Take?
Processing times vary by cryptocurrency. Here are some examples:
- Fast (seconds to minutes): SOL, AVAX, XRP, XLM, TON, HBAR (1 confirmation)
- Medium (5-20 minutes): ETH and ERC-20 tokens, BNB, ADA (20-30 confirmations)
- Slower (30+ minutes): BTC (6 confirmations, ~1 hour), LTC (12 confirmations, ~30 minutes)
- Longest: ETC (1,200 confirmations, ~6 hours)
Remember that these are estimates, and actual times depend on current network conditions. Also, Robinhood reviews each transfer for security, which might add a few minutes to the process.
Receiving Crypto in Your Robinhood Account
If you want to transfer crypto INTO your Robinhood account:
- Go to the crypto’s detail page
- Select “Receive”
- Copy your unique crypto address
- Paste this address into the sending wallet app
Important notes:
- Each crypto in your Robinhood account has a unique deposit address
- Always use the newly generated address shown when selecting “Receive”
- Never send crypto to a Robinhood withdrawal address
Common Questions About Cashing Out Crypto on Robinhood
Is Robinhood Crypto available everywhere in the US?
Robinhood Crypto transfers are available in all US states except New York. They’re also available in the US Virgin Islands, Puerto Rico, and DC.
Do I have access to my private keys with Robinhood?
No. Robinhood is a custodial wallet, meaning they manage the private keys for you. If you want self-custody (control of your own keys), you should transfer to a non-custodial wallet like Robinhood Wallet or another external wallet.
Can I sell crypto immediately after receiving it in my Robinhood account?
Yes! Once the transaction is verified and the crypto is credited to your account, you can sell, hold, or send it as you wish.
Why can’t I withdraw all my crypto holdings?
There might be several reasons:
- The crypto was purchased with funds from an ACATS bonus that’s still within its hold period
- You bought the crypto using instant funds from a bank transfer that hasn’t cleared yet
- You’ve reached your daily transfer limit
- Other account-specific factors
Does Robinhood support NFTs, airdrops, or forks?
Not currently. If you want to participate in airdrops or forks, consider sending your crypto to an external wallet that supports these features.
My Personal Experience
When I first started using Robinhood for crypto years ago, the inability to transfer was my biggest frustration. I had to sell my BTC, withdraw the USD, and then rebuy on another platform when I wanted to use it – causing tax headaches and extra fees.
Now that Robinhood offers crypto transfers, I find it much more useful as part of my overall crypto strategy. The process is straightforward, though I still recommend double-checking everything when transferring – I once almost sent ETH to a Bitcoin address (which would have been a costly mistake)!
Final Thoughts
So, can you cash out crypto on Robinhood? Absolutely yes! Whether through selling for USD or transferring to another wallet, Robinhood now provides the flexibility crypto users have been asking for.
The platform offers a user-friendly experience for both buying/selling and transferring crypto, with reasonable network fees and a good selection of supported coins. However, as with any crypto activity, always verify addresses, understand the fees involved, and be aware of the tax implications of your transactions.
If you’re looking to cash out your crypto on Robinhood, you now have the tools and knowledge to do it safely and effectively!
Set up your cold wallet and generate public addresses
Here’s a simple guide to set up your Tangem cold wallet and find your public address:
- Unbox your Tangem card.
- Download the app from the App Store or Google Play on your NFC-enabled smartphone.
- Open the app, choose Create wallet, and tap your card or ring to your phone to start the setup process.
- Add the coins and chains you’ll use by selecting them in the apps Markets.
- To get your public address, tap a coin, then select Receive, and you can view or copy your address and QR code.
How to move crypto from Robinhood to Tangem Wallet
Before transferring crypto out of Robinhood, you must verify your identity and enable two-factor authentication on your account. After completing these steps, Robinhood may take up to five business days to review your information and enable crypto transfers.
Here’s how to send crypto after the review is done:
- Open the Robinhood app or website
- Go to the crypto’s detail page.
- Click Send.
- Enter the amount you wish to send.
- Paste the address generated by the Tangem Wallet. Ensure it matches the coin’s network, e.g., BTC, ERC-20).
- Double-check the address (Copy and pasting it is safer than manual typing).
- Click Review, then Submit.
- Once the transaction is confirmed on the blockchain, your Tangem app should reflect the updated balance.
You can use a blockchain explorer (e.g., blockchair.com or etherscan.io) to verify the transaction by address or transaction hash.